• Journal of the Korean Operations Research and Management Science Society
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• v.30 no.4
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• pp.71-81
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• 2005

This Paper focuses on the effects of outside competition on an optimal echelon base stock level in a two stage supply chain. This is new in that we have been studying the effects of inside competition within a supply chain up to now. It is known that the optimal echelon base stock level with inside competition within a supply chain is less than the global optimal echelon base stock level without inside competition. This is due to the ' public goods ' nature of inventory. That is, more inventory is better, but one wants the other to invest more, thus resulting in under-investment. However, this phenomenon becomes weaker as outside competition increases. We show that as outside competition becomes stronger, the ' public goods ' effects decrease and the optimal echelon base stock level increases. If the level of competition is sufficiently high, the optimal echelon base stock level goes even higher than the global optimal echelon base stock level. We develop a theoretical model for the analysis and conduct a numerical analysis.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.32 no.2
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• pp.158-170
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• 2009

This paper considers how the optimal export level is influenced by export risk, the degree of risk-averseness for exporting firms, and those firms' cost structure. In addition, export insurance is incorporated into some simple theoretical model to analyze the optimal export level. This paper applies genetic algorithm simulation to show that the exporting firms'risk-averseness do not affect the optimal export decision while export risk and cost function characteristic have relatively more significant effects on the optimal export level. Finally, our findings suggest that the most influential factor for the optimal export levels seems to be the monopoly power of exporting firms.

• 제어로봇시스템학회:학술대회논문집
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• 1997.10a
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• pp.1788-1791
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• 1997

In this paper constant-level luffing and time optimal control of a JIB crane is investigated. The crane is assumed to have only the derricking motion. the analysis of plance kinematics provides the relationship between the boom angle and the main hosit motor angle for constant-level luffing. The dynamic equations for the crane are very nonlimear, and therefore they are linearized for the application of the linear control theory. The time optimal control in the perspective of no-sway at the end of boom stroke is investigated.

• Journal of the Korea Safety Management & Science
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• v.2 no.2
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• pp.29-40
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• 2000

In this paper, under JIT kanban system designed by Moeeni, each performance measures (service level, inventory level) identify the robust optimal level at a uncertain environment, and when there are multiple performance characteristics, it propose the optimal design-method and the optimal level decision-method, which consider multiple performance characteristics.

• Proceedings of the KIEE Conference
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• 2001.11b
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• pp.204-206
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• 2001

This paper presents methodology to evaluate interruption cost for determination of optimal reliability level. Recently, the power interruption cost is considered one of the useful index to determine optimal reliability level. Accordingly, in this paper reports estimation results of customer interruption cost to determine optimal reliability level by the economic macro method based on the 5 years from 1995 to 1999 and various kinds of customers in Korea.

• The Journal of Fisheries Business Administration
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• v.43 no.1
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• pp.1-9
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• 2012

Based on Clark and Munro's theory of dynamic optimization between fishery resources and production, this study is aimed to take an empirical analysis of optimal production level to the Danish Seine fishery under the sandfish stock rebuilding plan. For empirical analysis, it examined the optimal fish stock size, production and fishing effort levels and it also made an additional evaluation of optimal production changes on main variables by sensitivity analyses. When a 4% of the discount rate is assumed, the optimal sandfish production of Danish Seine fishery would be 3,049 t, and the sandfish optimal stock size is evaluated to be 19,016 t. In addition, the optimal fishing effort is estimated to be 4,368 days. Accordingly, to achieve the optimal production level, current fishing efforts should be reduced while the fish stock size should be increased up to the optimal level.

• Journal of Korean Institute of Industrial Engineers
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• v.40 no.5
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• pp.520-525
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• 2014

When the PCF (Point Coordinated Function) MAC protocol is combined with the frame aggregation method to enhance the MAC performance in IEEE 802.11 wireless LANs, the formulae for the optimal frame aggregation level for best PCF MAC performance were derived in our previous study. We extend the formulae for the PCF protocol to derive the optimal frame aggregation level for the connectivity-based multipolling MAC protocol in IEEE 802.11 wireless LANs. By simulations, we compare the performances of IEEE 802.11 wireless LANs with the optimal and random frame aggregation levels. Compared with the random frame aggregation level, the optimal frame aggregation level significantly improves the performance of IEEE 802.11 wireless LANs.

• Journal of the military operations research society of Korea
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• v.24 no.1
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• pp.176-188
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• 1998

In this paper, it is identified that the optimal level of each performance measures (service and inventory level) is not sensitive to an uncertain environment under JIT Kanban system designed by Moeeni. Moreover, it is proposed that the optimal design method considering multiple performance characteristics is the optimal level decision method according to the relative importance differences of each performance when there exist multiple performance characteristics. The result from the simulation analysis shows that the number of Kanban for stage 3 (final process) and stage 2 is increased at the service level. It is found that the expected loss is minimal when the cycle time decreases and the container size increases. However, the stage 1 is not affected by the number and cycle time of Kanban. It is thus important to consider carefully the cycle time and the container size of the Kanban to satisfy the demand in right time. In case of inventory level, the working inventory level decreases when the container size is decreased and the working inventory level also decreases slightly when the cycle time of the Kankban is increased in stage 1 and 2.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.22 no.1
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• pp.313-320
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• 2021

This study develops a demand and supply model and price model for Miryang sesame leaf cultivation and predicts the optimal production level to maximize total profit for Miryang sesame leaf farms. We used time series data from 1996 to 2017, which are related to Miryang sesame leaf cultivation. For the analysis, we estimated the demand function and average cost function, calculated the optimal production level and price, and derived the optimal profit. In addition, we predicted the optimal production level, price, total revenue, total cost, and profit until the year 2030 through scenario analysis. The results show that the optimal production level until the year 2030 is between 10 and 12.5 thousand tons, while the production volume was 7 thousand tons in 2017, and total profit for Miryang sesame leaf farms is estimated at 13.3 to 21.3 billion Korean won in 2030. The producer group needs to maintain the optimal production level to maximize total profit for farmers, as suggested in this study.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.46 no.2
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• pp.109-115
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• 2023

This paper studied the problem of determining the optimal inventory level to meet the customer service target level in a situation where the customer demand for each branch of a nationwide retailer is uncertain. To this end, ISR (In-Stock Ratio) was defined as a key management indicator (KPI) that can be used from the perspective of a nationwide retailer such as Samsung, LG, or Apple that sells goods at branches nationwide. An optimization model was established to allow the retailer to minimize the total amount of inventory held at each branch while meeting the customer service target level defined as the average ISR. This paper proves that there is always an optimal solution in the model and expresses the optimal solution in a generalized form using the Karush-Kuhn-Tucker condition regardless of the shape of the probability distribution of customer demand. In addition, this paper studied the case where customer demand follows a specific probability distribution such as a normal distribution, and an expression representing the optimal inventory level for this case was derived.